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aunque no parece estar tan tran self. big bad john ♪ >> reporter: john boehner, the plain-spoken man from ohio is under intense pressure to line tranquilo como siempre up every republican vote he can get to get his revised bill este senador esta tratando de c through congress. by all accounts, the big meeting with his fellow republicans is tense. in no uncertain terms, the speaker tells hard-line conservative who's are in no immediate to compromise to get in line behind his bill. conseguir todos los votos ♪ everybody knew you didn't give que pueda no lip to big john ♪ w>>> sreÑor orador, es justo dciecir >> mr. speaker, is it fair to say you have a bit of a rebellion on your hands, or do you feel -- que tiene una pequeÑa rebelion >> i have a little bit of rebellion on my hands every day. tengo un pporoblema it comes with the territory. >> you're not worried? viene con el territorio >> never let them see you sweat. no se ve contento >> you don't look happy on the front page of the "new york times". nlen la primera pagina del nyueva it says "boehner's grip on his
the impact. but i'm wondering, two of the candidates will be coming out after this big debate here in washington. does that give an advantage or a disadvantage or is it unclear based on the outcome? >> well, it's unclear based on the outcome certainly. the congresswoman and the congressman have both been very strong in their opposition. >> no compromise. right? >> that will appeal to many people in the base of the party. and i think what you've heard from some of the other candidates is somewhat more equivocal position. though john huntsman this week came out strongly for the boehner plan and said it was the only plan going and that the republicans and everybody ought to get behind it. congresswoman bachmann in particular, i think, has staked out that kind of tea party position. and she'll probably benefit from that. i think the other candidates are trying to get a piece of that, but try to go more broadly. >> i think bachmann and to a certain extent paul also risk some pleasure of backlash, or could in their don't raise the ceiling at all and their positions, playing down is a pot
had an attendant that would take a passenger's request and then operate the car. the big change was the emergence of a electric elevators. starting in 1880, the electric elevator allowed building dollars to go much higher. we evolved from steam hydraulic elevators to the electric elevators that are not that much different from what we are going to see now at the top of the tower. this is the steam room on the top of the state st. francis. -- on top of the state francis. the equipment you see painted green, that is all the original equipment from 1972. we are just now in the middle of modernizing this equipment. >> why modernize? doesn't the equipment works fine? >> it does, it is of analog and intensive, and there are some additional controls. let me introduce the foreman to you. this is vince. he can do a better job explaining the project details. >> what is happening here, what are you doing? >> we are doing a major modernization. we are tearing out the old system, logic controls, and generator controls, and we will be going over to solid state. this is not your standard selec
big development. this is the first member of the key negotiators in these debt talks has come out publicly to say he is on board. this coming from senate majority leader harry reid. the top democrat in the senate. a statement we just received from his office says senator reid has signed off on the debt ceiling agreement pending caucus approval. of course, pending caucus approval means pending -- getting the same sign-off from his fellow democrats. that, of course, leads me to believe he will probably be having a caucus meeting or at least some kind of conference call with his members at some point soon to discuss this with them. but this is a major development. because as we know, we were just talking yesterday, this is the same man who came back from a meeting at the white house with the president, seeming very pessimistic about the prospects of a deal. today we heard him speak cautiously optimistic as he said. now we have for the first time one of the key negotiators publicly coming out to say that he has signed on to these -- to the debt ceiling agreement. of course, we need to
'll take a look at the upcoming workweek coming up. for now, to the news desk. >> our big story this morning, congress and the president are working to meet the deadline and avoid a default by uncle sam. >> one vote was expected to come up this morning, but was withdrawn as the haggling continued behind-the-scenes. >> unable to muster support to get a bill passed, harry reid displayed the vote on his debt ceiling until later today. >> i spoke to the white house a few times, and they asked me to give as much time as possible to reach an agreement. >> it was the same plan shot down hours earlier by the house. >> the rules are not suspended, and the bill is not passed. >> finding a bill that will pass is not easy. >> we will not compromise on our principles. >> with tuesday's deadline looming, they are talking to president obama. >> the only way we will have a deal is to have an an agreement with the president of the united states. >> and we're going to fight you on that. >> as the clock ticks down. brian mooar, wbal-tv 11 news. >> wrblings the maryland congressional delegation is
it could be a big day for our whole entire country. >> and the news is whether we've got a deal or not. shortly after ten o'clock last night. harry reid said you know, i was going to have everybody show up in the mid feel the night and take a vote at 1 a.m. and he received word from the white house that apparently, the white house and this really hacks him off, you know, because it kind of bypasses him, and former speaker pelosi, dealing directly with mitch mcconnell, joe biden 6789 it sounds like they've got a deal, and close to a deal and some of of the frame work as well to talk about it. >> yeah, it looks like it's been going back and forth and take a look, it looks like debt ceiling increase, 1.2 trillion to 2.4 last night last through the night and living in my office, as high as 2.8 trillion dollars in debt ceiling increases, spending cuts have to be about the same amount commensurate. >> dollar for dollar. >> at least if not more. >> and guys, there's a little bit of wrangling whether or not that balanced budget amendment that john boehner needed so badly to get the house to vo
if you are a big physics and i will take you there sometime if you come to l.a.. jon nash by contrast when the nobel prize in economics for his work on game theory. discovered discover the mathematical relationship between subjects in a contest of any kind might be a prisoner's dilemma in a contest or an ultimatum game or it could even be corporations in a particular industry or nations competing in a cold war strategy. nash equilibrium is a famous theory about how subjects reach a stable state of how they compete with one another, whether it is companies in a particular industry. they are very competitive and end up reaching a stabilize stabilize.where prices stabilize and the quality of product stabilized for a while. cold war strategies like mutual assured destruction is the type of nash equilibrium where we reach a stable state for a while. i'm not going to gain anything by changing my strategy and neither will you so we get the disability there. you may recall jon nash from movie a beautiful mind who also saw patterns that were not real, patterns of government coverups and conspi
. >> are there any indications other than the anniversary if. >> you have to read on this, but the one big thing is that sarah has not been summoned back for a court appearance. perhaps that means something. they are trying to figure this out by looking at all the things surrounding b the issue. they don't have a reason to believe they will be released. >> it would be nice to put that in the news. >> thank you don. >>> well sources say there is significant progress in washington tonight. in a last minute stab at compromise, it appears there is some movement toward a debt deal. we are just three days away from that august 2 deadline to raise the debt ceiling and avoid a government default. jessica stone is in washington on the plan emerging right now. jessica. >> reporter: good evening, ann. senate republicans, we're told that tox between senate republicans and the white house are showing incredible promise. so much so that senate majority leader, harry reid, has postponed a vote to give the talks more time. behind the scenes negotiations at the white house saturday night gave some hope that c
"moles." it's like a big drill, and it just cuts right through the ground. so there's no more dynamite. and it's still a rough job, but it's gotten to a point where it's a lot safer. in the '70s, we lost a man a mile basically. here, maybe we've had two or three deaths in the last 20 years, which is too much anyway, but it's cut down a lot. hurwitz: city tunnel number 3 will be an opportunity to take city tunnel 1 out of operation and rehabilitate it. city tunnel number 1 had one valve to shut off the whole tunnel. city tunnel 2 had two parallel valves. city tunnel 3 has 32, so there's much more redundancy. lloyd: we're targeting a completion date of 2012 for tunnel 3. and we already are starting to prepare to take tunnel 1 offline. narrator: the construction of tunnel 3 is vital for maintaining the sustainability of new york's drinking water infrastructure. but the pipeline is useless if there's not a reliable supply of clean water within it. hurwitz: the city bought up land around the reservoirs to prevent it from development. it provides assistance to local residents to see that the
fm washshingt, on this very big morning. >>> crash landing, a flight from new york crashes into the south american country of guyana and breaks in two. miraculously, everyone survived. we have the harrowing tales of those who escaped the wreckage. >>> the other royal wedding. over in england, the queen's oldest granddaughter marries her rugby-playing groom in an elegant, low-key ceremony. we've got all of the royal fashion, including what princess beatrice, she of the famous hat, wore this time. >>> and drama dog, she's the playful pup who takes playing dead to a whole new level. why does she do this? we talked to her owner. >> announcer: from abc news, live from new york, this is "good morning america" with dan harris and bianna golodryga. >>> and there it is. just two days to go. if the debt limit isn't raised on tuesday, now, remember, zero that's the day the u.s. treasury department says it can n no lonr borrow money to pay the nation's bills, then it could mean economic calamity for the entire country. now, after weeks of wrangling and false starts, abc news learned b
an agreement here that i hope they will consider supporting. >> and the next big area is the debt committee, as you call it, and the question is how do they guarantee absolutely that you get the kind of deficit reduction you are looking for, because we have had, with all due respect, committees in the past and they have not done so well, one very recently, and how do you hold fair feet to the fire? there is talk of triggers to make sure if they do not do their work congress will be forced to cut. >> first of all, we have not had anything like this. this is a joint committee of congress. it's not a commission that consists of outsiders. it's a joint committee of congress with an equal number of republicans and democrats, under enormous pressure from the american people, from the markets, foreign countries looking at us to see if we're going to get our house in order, to come up with significant additional savings over and above the initial ones that we will approve before the end of this year, and entitlement reform is absolutely critical. for example, the -- the trustees of the medicare and
say the tea party could be a big winner here in -- >> there is bright lights that shown through. there is a case of hobitry. but there are people who are interested in governing and can get it done. one is ran paul in the senate. he and mitch mcconnel have been bad cop and battered cop pummeling hare reid making it clear they are not unreasonable. that created pressure for harry reid . in the house. allen west who are hardcore tea party, andine though they opposed the boehner deal gave him the yes vote he needed to get back in the negotiating ring. they are willing to be pragmatic to get it better for themselves. >> again, we don't know, if we don't know if it will come together yet. there is a lot of folks to be counted in the senate and house. you wrote many times that washington is the big loser. everybody is saying what is going on up there? but as far as others, besides this place, anyone stand out? >> believers in stimulus. believers in demand side economics. the columnist from the new york times, they took a bad beating in all of this because the president walked away fro
anywhere between 80 to 100 members who are saying no. the road to 216 really becomes a big story if this is the deal. >> luke russert, thank you for telling it like it is. >> take care. >> for more on where the debt debate stands, check out the white house with david plouffe. it will reair on "meet the press" on 2:00 p.m. right here. >>> the chairman of the joint chiefs of staff admiral mike mullen told soldiers in kandahar if talks fail they still have to fight but might not get paid. >> plenty of you live paycheck to paycheck if paychecks stop, it can have a devastating impact pretty quickly. >> and then there at camp leather neck, mullen told marines, all services face cutbacks in size and possibly as well in military benefits. >>> as you heard from nbc's luke russert, the reaction is mixed on capitol hill to reports on the white house that the gop has reach aid deal. with signs of dissent on the left and right in the house of representatives. joining me now is eddie berniece from texas. good morning. where do you stand on things this morning? what are you hearing overall? >>
'r're not ready to vote f this, are you? >> from a big picture, i'm not ready to vote for this. let me tell you why -- excuse me, george, the bottom line here is, the people who got elected are not excited about being republicans or democrats, they are excited about results. and it is fair to say, we've achieved significant change in the way washington works by paying for the debt ceiling increase and not passing it on to the credit card. we've not achieved entitlement change, we've not reduced the size and scope of government. we're going in the wrong direction at a slower pace and for a lot of people that is not winning. >> you're an internationalist. we talked about all sorts of things like afghanistan. you saw the soldiers yesterday and i asked david plouffe, desperately asking their commander, admiral mullin, whether they will get paid. and he said i can't tell you. >> i can. i can tell them. here's what i would have said, not only are you going to get paid. admiral mullin said the number one national security issue facing this country is debt. and i wish we would have followed on with wha
? >> reporter: i think it's a step in the right direction in terms of reaching a compromise. the big question remains while we have heard that harry reid signed off on the deal, where do republicans -- the key republican negotiators in this whole deal, where do they stand on the issue? in the house as well as in the senate. well, we're still obviously looking to get guidance on that. we have heard from one top senate republican leadership aide who said at least -- at least right now they're not there yet saying the agreement is not done and that they're still working on it. so it seems that while harry reid, he's onboard. seems at least for the part of senate republicans, seems there needs to be a little more work to be done before -- to get them onboard as well. >> okay. a little more work. do you have any idea about the timing? or we just don't know? it happens when it happens? >> to be honest, i don't think anyone really knows about the timing. this story has changed from moment to moment. it's very fluid. it's always the question, i promise you, it's the question that we've been asking ev
. this is the end of 1802. jefferson is soon to be president, and hamilton writes to pinckney, pinckney's got a big plantation down here. and says, my dear sir: regarding, as you know, as a disappointed politician, this is hamilton saying he's going to retire from public life which, of course, he didn't do. but he's asking pinckney to send him seeds. he had just bought a new plantation house of his own in new york. he was going to plant a garden, set up shop and forget about politics. we all know how alexander hamilton wound up, maybe he would have been better if he'd just retired to his garden. a few other things from the collection, let's see, there's, um, john craigton's view of carolina. we've got a lot of things from the early colonies that are of national importance, but it is a charleston institution, it's a south carolina institution, so there are some great documents. this is the original manuscript copy, and you can see the shape it's in. we're absolutely open to conservation donations. this is the original manuscript copy of his view of carolina. he was one of the first governors of the
that. one big barometer for me was -- i just went back to my college for my 50th reunion. the college is now $55,000 a year. i went to a private school in new york because we were having some troubles to the -- troubles with the public school. the private school is now $40,000 a year. i look at this. i go back to a college and see students in their suvs and realize we may be creating a plutocracy. you're really good colleges are mostly for the people with a lot of money or the very talented people without money. the football players, the violinist, etc.. i worry that we may be losing that pole vault the people got out of the working class into the working -- into the middle class. >> i agree with you. journalism -- which we were talking about before we went on the air that right after world war ii a lot of people to started in journalism without going to college. now you can i get into a newsroom unless you have a degree, ideally -- you cannot get into a newsroom unless you have a degree, ideally a good degree. people like me could not get in here anymore. i did work for "the washingt
be wind after the desert in africa and turns into something monstrous. we don't know really how big this might become. we know there's a fairly good chance this cluster of storms you have on the map might become a named storm. emily would be the next one. don was a bit of a dud. maybe emily will but you never know, this might be something it could be, maybe the best next to katrina. you never know. these storms form and veer off to the north and usually avoid much of the islands in some of the east coast. there's always the scenario we could see this take a trajectory, make affect the leeward or windward islands. there's also the chance it could thread the needle, go into the gulf of mexico. everything bears watching and that's what we're going to do with this particular system, again, as we speak, it is about 100% chance, the national hurricane center believes, 100% chance this will become a named storm. meanwhile in terms of storms, we might see plenty of them in parts of the northern plains today. all the components are there, the high humidity, with that we also have a lot of he
tree isn't very big. in fact it's kind of small >> see, after all these years, i remember that. ♪ up, up and away >> later on sunday morning the stories behind the songs of jimmy webb. >> jason bateman is a film and tv actor who is getting a double dose of exposure these days. what goes with that is a grilling this morning from our own mo rocca. >> jason bateman is on a roll with star turns in two summer movies. >> i wish i had your life. >> i wish i had your life. >> he's been acting since he was a kid with a 30-year career that's had more ups than downs and a lifetime of hollywood stories. >> he's never done a sex scene. >> um, well, mo, i'm uncomfortable talking about that. god, you're going to pull that, aren't you? that's going to be the little tease on this thing. >> jason bateman tells some later on "sunday morning." >> bene, vidi vici -- i came, i saw, i conquered claimed julius caesar. this man makes no claim to conquering, but he sees. bill geist will show us. >> maine is vacationland, filled with unique roadside attractions, none more so than wayne murphy's live chainsaw a
the state of pennsylvania has come in and said defaulting on the debt is not that big a deal. it can be, quote in his words, easily managed. does the senator from arizona agree with that thinking? mr. mccain: as the senator may know, i came to the floor a couple of days ago and made that comment, and the senator from illinois and i are in agreement, point number one. you can prioritize -- i think the senator and every economist i know literally would agree. you can prioritize for awhile where you want what remaining money is left. but the message you send to the world, not just our markets but to the world, that the united states of america is going to default on its debts is a totally unacceptable scenario and beneath a great nation. we are in agreement, number one. mr. durbin: amen. mr. mccain: number two is that to insist, to insist that any agreement is based on the passage through the united states senate of a balanced budget amendment to the constitution of the united states, as i said before, is not fair to the american people because, because the terrible obstructionists on this
here. and big things to overcome. i'm neil cavuto and it's hot outside and heated inside. two sides are still at a logjam over the basic issues that have sprayed them from very beginning in this debt ceiling debate and whether we extend it and address some of the spending issues that are so inherent and important in this ongoing debate. here is the latest we can tell you. the progressive caucus, 75 members strong in the house of representatives, bernie sanders in the senate, saying that what they are talking about than the deal itself and dead set against approving any middle ground measure approved by republicans and democrats at this juncture. we have senate democrats meeting with this very latest impasse. white house says it's willing to extend the debt deadline by maybe a couple days if necessary if the two sides are close. as we stress, that is not a given right now. the first chance for stock markets comes from few hours, asians open few hours and middle eastern markets, they were find of nonplused by these developments. we have pennsylvania republican pat toomey and there is
. senior citizens will take some hits. there will be -- education will take big hits with the pell grants. to achieve the so-called cuts they are talking about would mean that a lot of people could be severely hurt. >> but we cannot sustain this level of debt forever. >> we cannot, but here is what is wrong -- we have to get control of the deficit, but we do not want to do anything on the revenue side. all of the pain is coming from the cuts. you are still leaving those tax cuts to the wealthy untouched, still living subsidies in for the oil companies untouched. everything to the poor folks and middle-class folks, they bear the brunt of it. >> met monday this week -- "my view is we should have a president who agrees to cut, cap, and balance the budget" -- mitt romney. >> he does not want to get too far out on a limb in the spirit in the grand bargain, there were revenue increases, closing loopholes that nobody wants to defend, except for grover norquist, who is having an incredible amount of power in this debate. there's a counter intuitive thing here. you have to spend some to get out of
a marathon winner, we'll take you to the finish line, coming up. >>> the big announcement made in iran regarding the two uc berkely students. those stories and much more coming up. >>> welcome back everyone to ktvu mornings on 2. it is sunday, july 31. >> like it or not, it's the final day of july. let get right over to rosemary to see how it's going to look. >> it's going to be a nice afternoon this morning, starting out with the gray sky once again. marine layer a little thicker than what we saw yesterday. subtle changes in the forecast for some of us, but most of us, more of the same. those low clouds followed by high clouds this afternoon. our afternoon highs, upper 50s for the coast. widespread 80s, and upper 80s for our warmest spots. we'll talk more about the high clouds beginning to migrate our way. back to you. >>> thank you. new this morning, the fate of two uc berkely graduates will be decided within a week. the final court session in the trial. wrapped up just about two hours ago. a judge said the court will announce its verdict within the next seven days. the attorney says
. the journey ended in bakersfield. today, the big employers here are oil and farming, but the biggest employer of all by far, is the u.s. government, in the form of the military. when america boom, bakersfield. . -- when america boomed, b baker'so feel toomed. all across the south, there are the same basic problems, not enough credit to solve the housing market. >> general david petraeus is regarded as one of america's best and brightest. he's about to begin a new job as head of the cia. our diplomatic editor has been talking to general petraeus on his way home from afghanistan about america's longest war and other matters. >> nato forces in afghanistan have a new commander. general david petraeus is on the way home. he had been expected to serve longer but has been recalled to head the cia. the force he is leaving behind is now being quicker than he recommended. the insurgency has shown itself capable of hitting back with the assassinations and spectacular attacks. nato insists that they're winning. i asked the general what the possible grounds for optimism could be. >> what we have seen now
. the court refused to hear the case in 2005 and left miller in jail. that was a big story because everybody had anticipated that the court would clarify and needed to clarify the extent to which reporters are able to protect their confidential sources. but in the miller case it was a disi ponte -- disappointing nondecision, just a refusal to take the case. the only case that the court has ever decided on this issue was another one that i worked on the losing side of, and that was back in 1972 and involved earl caldwell, a reporter for "the new york times" who covered the black panther party. and did all the times' coverage of the black panther or party. the court in the caldwell case decided that reporters had to appear before a grand jury who were investigating something about the, about the black an they are party -- panther party, and the reporters had to testify like any other citizen would have to testify. and reporters had no first amendment protection against compelled disclosure of their sources. even if that meant that the sources would dry up, not cooperate, and that would ruin a
're back. >>> and check out this big thank you. an amazing moment off the coast. how a humpback whale, whose life was saved by a group of researchers, repaid the favor. >>> good evening. i'm dan harris. david muir is on assignment tonight in africa. we'll go to him in just a moment. but we want to start in washington, where tonight, we're seeing something highly unusual. hope. there was a real change of tone today in the debt debate. now, we should say, the hope now, we should say, the hope we're seeing tonight is still very tentative and very fragile. but with the clock ticking down, and there it is, three days left. some of the major players in this game are starting to sound like they might finally be getting down to business to break the impasse. abc's senior political correspondent, jon karl, has been on this story every step of the way. and he leads us off, once again, tonight. jon, good evening to you. >> reporter: good evening, dan. well, the house and the senate have spent the last 24 hours on a series of showboats on bills that have no chance of passing. but republican leade
of water. and one may have found it in an unlikely if not unpleasant source. sewage water. the city of big spring is so desperate for water, it's building a plant to recycle its sewage. >> the quality of water that we're going to be producing from the production facility is essentially water that you could deliver to somebody's tap. >> reporter: fresh or not, for : now it's the only water in sight as the dry texas wind brings no rain. charles hadlock, nbc news, big spring, texas. >>> in the horn of africa, refugees from somalia continue to flee the famine in that country today, pouring into unicef relief camps in ethiopia and kenya in search of food and shelter. president obama met this week with the presidents of four african nations calling for a greater international response. >>> when nbc nightly news continues this saturday, was today a turning point for the american college student convicted of murder in italy? >>> and later, another royal wedding day in britain. but for will and kate, this time the pressure was off. cc1:cc1: cc1:cc1: cc: >>> it is a pivotal weeke
couple of days. here is the heat. this is the big story. high pressure continuing, it's been locked in all summer. sunshine, temperatures in the 100s. upper 90s around baltimore. monday, even on into tuesday. watch the numbers. 92, new york city on tuesday. and 110 in dallas. by tuesday afternoon that would make like day 32 in a row of 100-degree plus heat. and we'll continue to see the heat through the week. showers, thundershowers on radar through parts of new york state. and bigger clusters down through parts of carolinas. they'll continue to roll east. quiet weather basically in the northern tier of the u.s. and some showers and thundershowers across parts of the southeast today, once we get daytime heating. we keep the heat where it's been. >> okay, thank you so much. >>> miracle landing. a jet from new york crashes just short of a deep ravine, and everyone on board survives. jew you'll hear from a passenger. >>> will iran free the two american hikers held in tehran? they heed to their final trial today. >>> and the behind the scene negotiations on capitol hill. why are we seei
the -- prevent the u.s. from going into default. the big question is, can all of this be done by the critical august 2nd deadline? and what the white house has been clear to point out in the past, the president would be willing to support any kind of short-term deal for one or two days if they need to cross the ts and dot the is of a potential agreement. the president would be willing to embrace something like that. so that's what we'll be watching closely over the next few hours, fredricka. >> dan, despite the fact that they had a vote, kind of procedural vote on that senate majority leader harry reid's plan today, when nancy pelosi and reid went to the white house last night, was that the beginning of working out this kind of framework? >> reporter: well, it's unclear whether that was actually the beginning of, you know, working on the particular framework. what we do know is that they're looking at the last 24 hours as a period when significant progress was made. so whether it's direct talks that was taking place with democrats and the president or with republicans and the president, as ka
that came to me was, why was this big event, this -- i thought turning point. why was it always sort of margin liesed? >> and one night, tom and i were at a writer's party in georgetown. and we both lived in montgomery county. so i didn't have a ride home from the party, and i hardly knew tom at that point. so i said, can i get a ride home? and tom said, sure. and by the time the door opened at my house, tom and i were partners on this thing. and that was three, over three years ago. we did three years of rather intense research. and i think the best way to sort of illustrate sort of a preamable. if you took a map of america and you went from maine, in this corner, to los angeles, in this corner, from portland, oregon in this corner, to the florida keys, those were the extent of the places we went. and we probably hit 25 major research institutions in between. we literally left no stone unturned. and i think the one of the things we had to deal with, and one of the things we had to to come to grips with, is why this has always been an episode, a moment, a little blip. no more signifi
: we have to look at the overall big picture. there are going to be times -- you can only spend more than you make for so long and it catches up to you and that is what is happening right now the bank there going to be situations, i imagine, with the federal government has to take out loans and borrow money. but this has been going on for years and years and years. and you cannot continue to do this. if we do not get our fiscal house in order, get our credit -- that our creditors will take control and do it for us. i am not sure that we want that. host: we of gone from a trillion dollar debt to $14 trillion, but is there good debt for the government? someone argues that student loans and mortgages are good debt, and bad debt would be loans for vacations or fancy cars. guest: i do not think any debt is good. it is probably a more acceptable form of debt. but again, i say that there are probably going to be instances, but the problem is when it becomes everything that you -- when you have so much debt that it is overwhelming to everything else, when you have more debt if you can pay. a
on the foundation of businesses, big and small, providing the goods and services that the market demands. restamericans livelihood's on businesses providing jobs which are currently in short supply. the unemployment rate is hovering around 9%. poverty has increased 14% -- to 14% of americans now living in poverty, and many who are unemployed have been searching for work for more than a year. these americans need a job and the certainty that comes with going to work every day. in this environment, the business community has an opportunity and an obligation to help get americans back to work. businesses need to step up to the plate by preserving good- paying jobs and creating new ones, which means not just waiting for demand to fully recover, giving americans a chance, including the long-term unemployed. we want to make sure our tax code supports efforts to create jobs. our ultimate goal is not simply economic growth for the sake of a or profitability for business owners alone, but job creation cannot occur without this growth. we know the american businesses face obstacles in achieving gr
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